Langlui's Big Board and Options Plays

[yayaa]

Adding in a.m. one more to previous Dividend stocks. Long a hefty position tomorrow in

PWE Closed at 16.05 Has been crushed (with everything else) but the dividend is steady fro the next 4 years until he new canadian tax rules take effect Dividend paid monthly is yielding $3.95 21.80%


Penn West Energy Trust is the largest CANROY aka Canadian Royal Trust. CANROYs are similar to the MLPs that are available here in the U.S. in that they pay huge dividends in exchange for tax benefits from the government. The difference is that the Canadian government pulled the rug out from underneath CANROYs during the "Halloween Massacre" and decided to start taxing them despite campaign promises that they wouldn't. That's why this is a much hated sector and many investors are staying away from it. The new taxes don't kick in until 2011.... So by buying [Penn West] today, one basically will be able to collect a dividend ... (paid monthly!) for the next four years..